[2018-07-20]JPMorgan Bets On Bitcoin, Five Other Cryptos to Survive Long Term - page 2.

yesyes18

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Quote from: SlipMart on July 20, 2018, 07:41:08 AM

Multinational banking giants JPMorgan Chase is betting on six cryptocurrencies: Bitcoin, Ethereum, Ripple, Dash, Cardano and Litecoin to survive in the long term.

Well these are the major coins that have been showing some potentials and so I think that was why they rated themnas such. Bitcoin indeed will survive the long-term

Quote from: SlipMart on July 20, 2018, 07:41:08 AM

In the past, various executives including JPMorgan’s CEO Jamie Dimon have slammed cryptocurrencies, calling them a fraud. However, the internal report suggests an entirely different opinion and is a direct contradiction of the publicly-held opinions of the company related to cryptocurrency.

Lol..I have been telling my buddies this always that almost al the millenials who soeculate and make naysays against Bitcoin and crypto have no proof. They just do so out of sheer hate. It's good their audit gave a clear picture of Bitcoin. More is to come, theh should watch.. Grin

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Quote from: Carlton Banks on July 20, 2018, 07:53:30 AM

The design fundamentals for Ethereum & Dash are pretty terrible, it's amazing they've survived this long (Dash probably only because there's so little transaction activity to abuse).

Only we let their fundamentals weigh in heavily, others don't, wich pretty much explains why Ethereum managed to grow this large.

I don't see the added value of a coin running on top of another coin. In all cases you are subject to the underlying chain of the coin to work in order for yourself to work. Operating your own blockchain has so much more benefits, and allows you to scale towards you own roadmap, and not have an asshole as Vitalik decide for you when to scale. The proposed Ether scaling 'solutions' aren't convincing either. In all cases the main chain is still swallowing tons of data.

How can't people that smart not figure out that cluttering the main chain is not the way to move forward? It's a guaranteed way to kill off your coin, unless you fully admit that you don't mind centralization and want to continue on that path.

Carlton Banks

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Quote from: SlipMart on July 20, 2018, 07:41:08 AM

Multinational banking giants JPMorgan Chase is betting on six cryptocurrencies: Bitcoin, Ethereum, Ripple, Dash, Cardano and Litecoin to survive in the long term.

Strange selection.

The design fundamentals for Ethereum & Dash are pretty terrible, it's amazing they've survived this long (Dash probably only because there's so little transaction activity to abuse).

Litecoin is going to lose any small utility is has on a far shorter timeframe once Lightning becomes more developed & popular.

Ripple doesn't really have much of a use case; it's essentially a SWIFT/ACH competitor, but any problems in SWIFT or ACH-like networks will cause fiat to become less stable, making Bitcoin compare far more attractively (people have mostly heard of Bitcoin, however unsure they are of it, you can't say that for Ripple).

And Monero's not on the list? Strange list (never looked at Cardano, anyone know something about it?)

SlipMart

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Multinational banking giants JPMorgan Chase is betting on six cryptocurrencies: Bitcoin, Ethereum, Ripple, Dash, Cardano and Litecoin to survive in the long term.

The bank made this prediction in a recently published internal finance report.

In the past, various executives including JPMorgan’s CEO Jamie Dimon have slammed cryptocurrencies, calling them a fraud. However, the internal report suggests an entirely different opinion and is a direct contradiction of the publicly-held opinions of the company related to cryptocurrency.

The report laid emphasis on the decentralized nature of cryptocurrencies as the main motivating factor that would lead to their mainstream adoption...

Source: https://news.bitzamp.com/jpmorgan-bullish-on-bitcoin-litecoin-and-four-others-says-cryptos-are-here-to-stay/

Topic: [2018-07-20]JPMorgan Bets On Bitcoin, Five Other Cryptos to Survive Long Term - page 2. (Read 298 times)